Cognex Corp expected to post earnings of 10 cents a share - Earnings Preview

Cognex

13/02/2024 14:15

* Cognex Corp  CGNX.OQ   CGNX.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 15 for
the period ending December 31 2023
    * The Natick Massachusetts-based  company is expected to
report a
21.2% decrease in revenue to $188.591 million from $239.43
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on October
31 2023, for the period ended December 31, was for revenue
between $175.00 million and $195.00 million.
    * ​LSEG's mean analyst estimate for Cognex Corp is for
earnings of
10 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cognex Corp
is
$42.00​, above​ its last closing price of $36.87. ​​​

The company's guidance on October 31 2023 for the period ended
December 31 was for gross profit margin of USD70%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.14        0.14       0.16      Beat    13.1
 Jun. 30 2023  0.28        0.28       0.32      Beat    15.2
 Mar. 31 2023  0.09        0.09       0.13      Beat    47.2​
 Dec. 31 2022  0.32        0.32       0.27      Missed  -14.4
 ​​Sep.        0.15        0.14       0.21      Beat    51.7
 30 2022                                                
 Jun. 30 2022  0.42        0.41       0.41      Met     -1.1​
 Mar. 31 2022  0.39        0.39       0.42      Beat    9
 Dec. 31 2021  0.22        0.22       0.30      Beat    34.5
 This summary was machine generated February 13 at 14:15 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)